lot of efforts to increase the domestic demands so as to decrease the economy dependence on exports only. Malaysia’s exports include electronics, gas and oil, palm oil and the list just goes on. These exports are the main and significant driver of Malaysian economy. As the oil and gas exporter, Malaysia gain profit from the higher world energy prices. Government of Malaysia is also trying to reduce the dependence on Petronas. Oil and gas industry in Malaysia has contributed 35% to the government revenue
QUESTION 1 Based on the above case, identify FIVE (5) reasons of Malaysian Ringgit (RM) devaluation. ANSWER 1. The weakness of the ringgit was continued because of dampened foreign investors to assets denominated in ringgit. The currencies floated the ringgit was determined by the interaction of supply and demand in the international financial markets and it should be noted that the currency has a price or depreciation does not necessarily have a fixed meaning. Then, there is a real effective
popular dishes served during the famously celebrated occasion by Muslims all over Malaysia that is Hari Raya Aidilfitri or Hari Raya Haji, after breaking fast. The most authenthic feature about Lemang is that it is usually sold on the streets and Malaysians of other races would also stop by and enjoy the rich flavour of this cuisine (What is Lemang? n.d.). The method to prepare this dish is rather challenging, as a specific diameter of a hollow bamboo is needed to be able to stuff the glutinous rice
Question 1: Traditional foods eaten In the 19th century, Sir Thomas Raffles realized Singapore’s potential and established Singapore as a proper trading station. The island policy of free trade attracted merchants from all over Asia and as far away as America and the Middle East. The population grew immensely, in 1819 just 150 people inhabited Singapore and by 1860, 80,792 had immigrated to Singapore with cultures mainly comprised of Chinese, Indians and Malays. When these earliest settlers arrived
elections for the first time in Malaysia’s history opposition parties united under Barisan Alternatif (Alternative Front or BA). Party Keadilan is a small multi-ethnic party formed in 1999 by activists in the reformation movement. Besides, PAS (Pan-Malaysian Islamic Party) had provided strong competition for UMNO. Another major ... ... middle of paper ... ... has grown, the political environment differs significantly for BN members and opposition parties. Because the BN maintains control over state
Political factor: Political stability is a very important issue when it comes to tourism. Malaysia is a federal state with constitutional elective monarchy. Najib Razak is the current prime minister of Malaysia. Malaysia is ruled by the United Malays National Organization which represents the Muslim majority. In this country the Indians, Chinese communities live in harmony with the Muslim Malay majority. Malaysia is politically stable. Malaysia has been able to contain terrorism due to its strong
Financial Crisis."Chulalongkorn Journal of Economics 20.1 (2008): 1-26. Chulalongkorn Journal of Economics. Web. 1 Apr. 2014. . Economist. "Ten Years on." The Economist. The Economist Newspaper, 04 July 2007. Web. 5 Apr. 2014. . Kaplan, Ethan. "Did Malaysian Capital Controls Work?" National Bureau of Economic Research (2001): 3-40. National Bureau of Economic Research. . 1 Apr. 2014. . PBS. "Timeline of Asian Financial Crisis." PBS. PBS, 1 Mar. 2000. Web. 29 Mar. 2014. .
The Malaysian Economy: Booming The Economy: Following a period of severe and prolonged recession, the Malaysian economy has returned to growth aided by a relaxation of monetary and fiscal policies and by increased export demand, particularly in the electronics sector. While the world economic slowdown was more severe than expected and the unprecedented September 11 events in the United States had widespread implications for all economies, Malaysia was able to steer away from a major economic contraction
Shoetopia Sdn Bhd is a company which selling shoe-pad (Feetholic) and it’s be classify as footwear industry of Malaysia. The Malaysian government and trade associations are putting effort to internationalize Malaysian-made shoe to the world. Prof Datuk Dr Jimmy Choo OBE and Datuk Zang Toi has organised The Malaysia International Shoe Festival, MISF, which involve hundreds of local and international shoe brands as a grand shoes event in 2015 to improve the reputation of Malaysia’s footwear. The objective
Sweden is a Scandinavian country, located in the Northern Europe. The neighbor countries are Norway and Finland. The capital city of Sweden is Stockholm. Sweden is the third largest country in the European Union with total 450,295 square kilometers (173,860 sq mi). Its total population is about 9.6 million approximately and it has a low population density with about 21 inhabitants per square kilometer (54/sq mi). The population is mostly concentrated in Southern area of the country with about 85%
the identity or social influence of Malaysian working in the rural tourism industry will be enriched and dignified. Differences only appear when there is a cultural exchange with others if human beings are primarily ‘differentiating entities’. Through the exchange of culture, we can provide the chances for tourists to learn and explore our unique and traditional culture of Muslim population. Besides that, it is quite often to promote the exploration of Malaysian
stakeholders and the government especially the announcement was made at the same time as some of MAS regional competitors reported strong profits in the same year. The airlines was expected to cut up to 5,000 jobs and spend a maximum of 850 million ringgit (US$236 million; euro198 million) in compensation packages as part its plan to return to profitability, making it one of the country's biggest corporate retrenchment exercise. The retrenchement was a measure to reduce cost due to crippling fuel prices
currencies in the foreign exchange market (2). Under this system, without intervening, the central bank lets the exchange rate adjust so as to equate the demand and supply for foreign currency (1). For example, if there is a high demand for Malaysian Ringgit its exchange rate
line is also known as the Penang - Singapore High Speed Rail. It was approved by the Malaysian Prime Minister Najib on September 2010. The rail line aims to connect Penang, Kuala Lumpur Johor Bahru and Singapore together. The entire distance will be about 400km in total and it will take roughly 90 minutes to travel from one end to the other. The total cost of the construction is about 40 billion Malaysian Ringgit, equating to roughly 7.3 billion pounds. For this question, I have assumed that evaluation
2.0 Introduction The currency exchange rate gives a great influence to the development of a country. The tourism, consumption and human resources are the three most obvious sectors that affected by currency exchange rate. The Malaysian Ringgit (MYR) to Singapore Dollar (SDG) exchange rate is drop year by year since 1980. This issues give impact to Malaysia especially Johor state, since Johor is just a strait far from Singapore. In this chapter, the information about the currency exchange rate
Entertainments have existed for a very long time. For few centuries, entertainment is a form of activity that could capture audience attention and entertain them. We could trace the history of entertainment until a period where Pharaohs are still ruling Egypt or even older that might extend until prehistoric era. Since then, entertainment had evolves and there are varying forms of entertainment in this modern era. One of the few forms of entertainment is music. As stated in Wikipedia, the word music
Malaysian Economic Miracle Malaysia is a country with developing economy. It belongs to group of the richest and developed countries among developing countries - to the group of New Industrial Countries. “In 2007, the economy of Malaysia was the 29th largest economy in the world by purchasing power parity with gross domestic product for 2007 was estimated to be $357.9 billion”-(from Wikipedia,free Encyclopedia). Nowadays Malaysia became the world’s largest producer of tin, rubber, and palm oil
DUTCH LADY MILK INDUSTRY BERHAD NATURE OF BUSINESS Dutch Lady Milk Industries Berhad Malaysia is a dairy products manufacturer and supplier in Malaysia. Dutch Lady’s target market is people of all ages, ranging from infants to adults. Dutch Lady first started its operation in 1963 as a private joint-stock limited company. Six years after its start-up, Dutch Lady became the first milk company in Malaysia to be listed on the Stock Exchanges of Kuala Lumpur (Bursa Malaysia). Parent company of Dutch
Political Political factors determine the extent to which government may influence the economy or a certain industry. Political factors include tax policies, fiscal policy, and trade tariffs. In 1st April of 2015, Malaysia government will fully implement the Good and Service Tax which known as GST. According to the list of products that are exempted from GST, coffee powder, tea dust and cocoa powder are in the list. Due to our company annual turnover is less than RM500, 000, our company is exempted
Airlines Flight 370 or well-known as MH370 was a scheduled international passenger flight that disappeared while flying from Kuala Lumpur International Airport, Malaysia to Beijing Capital International Airport in China. The aircraft was carrying 12 Malaysian crew members and 227 passengers from 15 nations. The disappearance of this MH370 has brought many negative impacts to Malaysia economy. Ahmad Jauhari Yahya, Chief Executive of Malaysia Airlines, endorsed that after a month of disappearance, ticket